Tag: canadian dollar

USDCAD made a new low, before bouncing up again. Is this a sign that the bears might be losing their grip on the pair?...

Joe Biden's announcement that the U.S. will release a million barrels of oil a day from its strategic reserves over the next six months...

USDCAD lost some more ground over the past two trading days, despite the fact that crude oil prices fell as well. Can traders blindly...

USDCAD kept falling last week, maintaining the inverse relationship with crude oil prices. A strong support lies ahead, though. Is it strong enough to...

USDCAD seems to have restored its inverse relationship with crude oil and is now falling as oil climbs. Should we expect the two to...

The inverse relationship between USDCAD and crude oil returned last week as the pair dropped, while WTI recovered by over $10 a barrel. Are...

USDCAD remains in no-man's land, trading in an ever-tightening range around the 1.2700 mark. It is just a matter of time before a breakout...

USDCAD made another attempt to head north last week, but the resistance at 1.2900 stopped the bulls in their tracks. Can they breach it...

The inverse relationship between USDCAD and oil prices appears broken indeed, as both instruments climb in tandem this week. How long can that last?...

Despite the inverse relationship between USDCAD and crude oil, the pair is refusing to crash as WTI surges. How long can that last? Can...

Putin's unprovoked aggression against Ukraine is taking its toll on the financial markets. Our premium instruments are also more or less affected. Here is...

Despite the initial spike higher on the day of Russia's unprovoked aggression against Ukraine, USDCAD finished last week lower. Should we expect more weakness...

USDCAD surged again last week and is now on the verge of a new multi-month high. How far can the bulls go this time?...

The well-known inverse relationship between crude oil and USDCAD appeared broken last week as both rose simultaneously. Can we expect that to stop or...

Despite the mid-year lows, USDCAD looks poised to end 2021 on a high note. Is its second half outperformance going to continue in 2022?...

USDCAD is up notably from its late-October low at 1.2288, but the pair is now facing the strong resistance near 1.2900. Is it going...

In late-September, 2021, USDCAD had already spent over two months in a narrowing sideways range. Despite occasionally breaching the 1.2900 mark during...

USDCAD rose significantly this past week, climbing from 1.2512 at the open to as high as 1.2949 Friday. The surge can be attributed to...

GBPCAD bulls have been on a roll the past four months. The pair is currently trading above 1.7330, up 9.1% from its early-August low...

A week ago, USDCAD was barely holding above 1.3100. The pair was still in the doldrums following a steep decline from its late-December high...

USDCAD climbed to 1.3318 yesterday and seems determined to reach a new 2018 high. The most important reason for the decline in the Loonie...

After slightly exceeding 1.3000 on October 8th, USDCAD retreated to 1.2926 two days later. Given that the pair has been declining since the 1.3386...

October is shaping up to be a good month for GBPCAD bulls. The pair dipped below 1.6600 on October 2nd, but quickly reversed to...

The Forex market was very interesting to observe last week. Major news like the Non-Farm Payrolls report in the U.S., the new trade deal...

USDCAD climbed to 1.3290 on July 19th, but instead of lifting the pair even higher, the bulls lost momentum. A bearish reversal followed as...

USDCAD climbed to 1.3386 on June 27th, which was its highest level in over a year. But instead of moving on to 1.3400 and...

Nine days ago, while AUDCAD was trading at 0.9820 on June 20th, we found a textbook 5-3 Elliott Wave pattern on its hourly chart,...

Yesterday, we wrote about a pattern spotted on the chart of the Australian dollar against the New Zealand counterpart. Today, the Aussie is once...

USDCAD bulls proved how stubborn they could be by lifting the pair to a one-year high, despite the numerous bearish interventions along the way....

The European currency has had a tough time recently, losing ground against major rivals like the U.S. dollar and the Japanese yen. Here we...